USD Coin Issuer Announces Change in Its Reserve Composition
August 25, 2021 at 08:40 AM EDT
Circle, the company behind USD coin, announced via Centre, a consortium founded by Circle and crypto exchange Coinbase, that it will change the makeup of its USD Coin reserves to contain only cash and U.S. Treasury bonds, CNBC reports. Circle originally claimed that USD Coin was backed 1:1 by...